Monday, October 15, 2018

Economic Talk. Sanctions...we've gone to that well waaay too many times.

Hey all.

I'm monitoring the news and it seems like Congress is talking about sanctioning Saudi Arabia for the killing of the journalist.

The weird thing?

The Obama administration started the "sanctioning" meme and Congress has been wild about it ever since.

The sad reality?

We've gone to that well waaay too many times and we're soon gonna be faced with a grim reality (if we aren't already).

We're in essence forcing nations to conduct trade in anything but dollars. We're killing the dollar as the world's fiat currency because we only have two modes when it comes to diplomacy.

Deploy troops or sanction.

By running to the sanctions meme everytime ANYTHING happens we're at BEST forcing an underground economy to become established outside normal channels and at WORST forcing nations to work around our financial institutions.